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FYI - EMC, Nortel Networks Unveil New Joint Business Continuity Services Offering

  • 29 October, 2003 12:54

<p>Below is a US release that crossed the wires overnight and has been sent to you as an FYI.</p>
<p>FOR IMMEDIATE RELEASE</p>
<p>EMC, NORTEL NETWORKS UNVEIL NEW JOINT
BUSINESS CONTINUITY SERVICES OFFERING</p>
<p>‘EMC Proven Solutions’ to Help Enterprises Make More Efficient Use of Optical MANs, WANs</p>
<p>ORLANDO, Florida - October 29, 2003 - EMC Corporation [NYSE: EMC] and Nortel Networks* [NYSE/TSX: NT] announced today at Storage Networking World a new joint services offering to help enterprises easily and more cost-effectively utilise optical metropolitan area networks (MAN) and wide area networks (WANs) for remote mirroring of their data.</p>
<p>The new offering, Business Continuity over Optical Networks, is an EMC Proven Solution and is available worldwide today. It includes a sophisticated, integrated business continuity assessment from EMC and Nortel Networks that can help customers determine the optimal storage and connectivity requirements to meet their recovery objectives. This offering combines EMC’s networked storage systems and remote replication software with Nortel Networks dense wavelength division multiplexing (DWDM) technology to provide a flexible, scalable, geographically dispersed business continuity infrastructure.</p>
<p>“EMC and Nortel Networks are addressing one of the biggest pain points for customers - configuring their infrastructure to meet their business continuity requirements,” said Sterling Perrin, senior research analyst, IDC. “Companies are strapped for resources and are feeling increasing pressure, including from regulators, to make sure they can recover quickly from a disaster. Services that help customers implement remote mirroring over optical networks will allow them to meet their business requirements while saving time and money on operations.”</p>
<p>The jointly developed solutions integrate EMC’s Symmetrix* and CLARiiON* networked storage systems and EMC’s SRDF* (Symmetrix Remote Data Facility), SRDF/A*, (Symmetrix Remote Data Facility/Asynchronous) and MirrorView* remote replication software with Nortel Networks OPTera* Metro 5000 Multiservice Platform.</p>
<p>This combination gives enterprises the flexibility to match the right levels of protection and functionality - at the right cost - for their various information tiers. In addition, by using EMC’s replication software, customers can improve recovery times from hours to minutes through synchronous and asynchronous replication.</p>
<p>“These solutions give customers the flexibility of selecting the EMC storage platform and replication software that best meets their needs, whether for synchronous or asynchronous replication,” said Gregg Therkalsen, vice president, business continuity, EMC. “This range of choices will help customers of all sizes achieve the unparalleled protection that remote mirroring provides and will significantly shorten implementation times, while eliminating unnecessary costs. EMC and Nortel Networks have developed best practices based on our extensive expertise working with large banking, securities and telecommunications firms to create a joint solution set to help organisations better protect their information.”</p>
<p>“This is a critical step in our work with EMC, ultimately benefiting enterprises by bringing them the highest quality business continuity solutions and extending productivity,” said Marco Pagani, president, Optical Ethernet and Storage Solutions, Nortel Networks. “With more than 200 joint Nortel Networks and EMC customers, we’re leveraging our cumulative experience to bring enterprises unprecedented joint assessment capabilities.”</p>
<p>EMC and Nortel Networks plan to help enterprises drive further network cost reductions by expanding EMC Proven Solutions to include storage over SONET/SDH. The GFP card supporting this capability for Nortel Networks OPTera Metro 5100 and 5200 Multiservice Platforms recently completed EMC E-Lab qualification testing.</p>
<p>EMC Corporation is the world leader in information storage systems, software, networks and services, providing automated networked storage solutions to help organisations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC’s products and services can be found at www.EMC.com.</p>
<p>Nortel Networks is focused on extending the benefits of networked storage and breaking through the barriers that limit widespread deployment of storage solutions - distance, interoperability, scalability, capacity, and protocol transparency. Nortel Networks is an industry leader in the transport of SAN traffic across the metro, carrying more than 200 petabytes of mission-critical traffic per day. A recent report from IDC estimated that Nortel Networks had approximately 40 per cent of the metro DWDM optical storage connectivity market for 2002.</p>
<p>Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information. The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks. As a global company, Nortel Networks does business in more than 150 countries. More information about Nortel Networks can be found on the Web at www.nortelnetworks.com.</p>
<p>Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the completion of the comprehensive review and the release of financial results and issuance of restated financial statements for 2000, 2001 and 2002 and the first and second quarters of 2003; the severity and duration of the industry adjustment and the continued reductions in spending by our customers; the sufficiency of our restructuring activities, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; fluctuations in operating results and general industry, economic and market conditions and growth rates; negative impacts on our gross margins; the ability to recruit and retain qualified employees; fluctuations in cash flow, the level of outstanding debt and our current debt ratings; the ability to meet the financial covenant in our credit facilities; the use of cash collateral to support our normal course business activities; the dependence on our subsidiaries for funding; the impact of our defined benefit plans and our deferred tax assets on our results of operations, cash flows and compliance with our financial covenant; the ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalisation in the telecommunications industry; the dependence on new product development and our ability to predict market demand for particular products; the uncertainties of the Internet; the impact of the credit risks of our customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement of our purchase contracts; the impact of the New York Stock Exchange minimum listing requirements and the proposed consolidation of our common shares; the impact of supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; the ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; the future success of our strategic alliances; and the adverse resolution of litigation and intellectual property disputes. For additional information with respect to certain of these and other factors, see the most recent Form 10-Q and Form 10-K filed by Nortel Networks with the United States Securities and Exchange Commission. Unless otherwise required by applicable securities laws, Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</p>
<p>-end-</p>
<p>*Nortel Networks, the Nortel Networks logo, the Globemark, Business Without Boundaries and OPTera are trademarks of Nortel Networks. EMC, Symmetrix and CLARiiON are registered trademarks and MirrorView, SRDF, SRDF/A and E-Lab are trademarks of EMC Corporation.</p>
<p>For further information, please contact:
Emma Rogers
EMC Corporation
Tel: 02 9925 7942
Mob: 0408 237 309
Email: rogers_emma@emc.com</p>
<p>Debbie Sassine/Catherine Smith
Spectrum Communications
Tel: 02 9954 3299
Mob: 0405 735 323
email: debbies@spectrumcomms.com.au or
catherines@spectrumcomms.com.au</p>

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